Germany Laboratory Equipment Market Size & Outlook
Germany laboratory equipment market, 2018-2030 (US$M)
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Germany laboratory equipment market highlights
- The Germany laboratory equipment market generated a revenue of USD 1,646.4 million in 2023 and is expected to reach USD 2,820.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, general was the largest revenue generating product in 2023.
- Support is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory equipment market data book summary
| Market revenue in 2023 | USD 1,646.4 million |
| Market revenue in 2030 | USD 2,820.6 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | General |
| Fastest growing segment | Support |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General, Analytical, Clinical, Support, Specialty |
| Key market players worldwide | Sartorius AG, Bio-Rad Laboratories Inc, FUJIFILM Holdings Corp, Thermo Fisher Scientific Inc, Agilent Technologies Inc |
Other key industry trends
- In terms of revenue, Germany accounted for 5.5% of the global laboratory equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK laboratory equipment market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,820.6 million by 2030.
General was the largest segment with a revenue share of 26.18% in 2023. Horizon Databook has segmented the Germany laboratory equipment market based on general, analytical, clinical, support, specialty covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is one of the largest markets for medical devices in Europe. It is nearly four times larger than the medical devices market in the UK. The laboratory equipment market in Germany is substantial and is expected to continue growing. The country's emphasis on R&D, along with its strong industrial base, drives the demand for laboratory instruments.
There are 591 operating lab equipment exporters in Germany currently, supplying 945 buyers, according to Volza's list of Germany Laboratory Equipment Exporters & Suppliers. With 1,743 shipments, Ika Werke Gmbh Co Kg has the greatest market share among these exporters. In second place with 923 shipments is ROCHE Diagnostics International Ltd., followed by C O Thermo Electron LED GMBH Unity Lab Services in third place with 504 shipments.
Furthermore, expansion plans undertaken by various stakeholders are anticipated to increase the demand for lab equipment. For instance, in 2019, Celonic AG opened its state-of-the-art facility in Heidelberg, Germany. This facility was anticipated to include four cell amplification rooms, three upstream production suites, and five downstream production suites.
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Laboratory Equipment Market Scope
Laboratory Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany laboratory equipment market size, by product, 2018-2030 (US$M)
Germany Laboratory Equipment Market Outlook Share, 2023 & 2030 (US$M)
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